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Fly News Breaks for November 30, 2018
AVAV
Nov 30, 2018 | 05:27 EDT
AeroVironment reported fiscal Q3 results with revenues below and earnings above Street expectations, Piper Jaffray analyst Troy Jensen tells investors in a research note. The analyst continues to believe the company's largest growth opportunity is from sales to international governments. He remains bullish on AeroVironment's long-term opportunities but thinks a "lot of this optimism" is currently priced into the stock. Jensen raised his price target for the shares to $78 from $77 and reiterates a Neutral rating on the name. He finds AeroVironment fully valued at current levels.
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